Iconix Brand Group Inc. (ICON) Trading Up 2.7%
Iconix Brand Group Inc. (NASDAQ:ICON) shares were up 2.7% on Thursday . The company traded as high as $8.65 and last traded at $8.63, with a volume of 563,381 shares trading hands. The stock had previously closed at $8.40.
Separately, Zacks Investment Research raised Iconix Brand Group from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Tuesday, August 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Iconix Brand Group presently has a consensus rating of “Hold” and an average target price of $10.50.
The company’s market cap is $484.37 million. The firm’s 50-day moving average price is $7.78 and its 200-day moving average price is $7.83.
Iconix Brand Group (NASDAQ:ICON) last announced its earnings results on Thursday, August 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.04. The business had revenue of $95.70 million for the quarter, compared to analyst estimates of $97.02 million. The company’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 earnings per share. Equities analysts predict that Iconix Brand Group Inc. will post $1.19 earnings per share for the current year.
Iconix Brand Group, Inc is a brand management company and owner of a diversified portfolio of 35 global consumer brands across women’s, men’s, entertainment and home. The Company’s brand portfolio includes Candie’s, Bongo, Badgley Mischka, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific (OP), Danskin, Rocawear, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Zoo York, Sharper Image, Umbro, Lee Cooper, Ecko Unltd., Marc Ecko and Strawberry Shortcake.
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